INFANION: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
INFANION
Largest movements
- Receivables within one year +€168,464
up €168,464 (+40.9%), from €412,321 to €580,785
of which Trade receivables: +€158,454
- Intangible fixed assets -€139,675
down €139,675 (-57.6%), from €242,589 to €102,914
- Cash +€89,810
up €89,810 (+43.4%), from €206,812 to €296,622
mainly Depreciation (+€140,806) and Net result for the year (+€98,532)
- Profit (loss) carried forward +€98,532
up €98,532 (+93.9%), from €104,888 to €203,420
- Tax, wage and social debts +€43,086
up €43,086 (+51.3%), from €83,982 to €127,068
of which Taxes: +€43,078
- Trade debts -€27,314
down €27,314 (-4.3%), from €631,785 to €604,470
- Gross operating margin +€187,213
up €187,213 (+86.0%), from €217,770 to €404,983
- Write-downs +€82,816
new in 2025: €82,816
- Taxes +€34,276
up €34,276 (+499%), from €6,863 to €41,140
- Depreciation -€17,057
down €17,057 (-10.8%), from €157,863 to €140,806
- Staff costs +€5,617
up €5,617 (+16.4%), from €34,253 to €39,870
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €862,949 | €980,418 | +€117,468 | +13.6% |
| Fixed assets | 21/28 | €243,816 | €103,010 | -€140,806 | -57.8% |
| Intangible fixed assets | 21 | €242,589 | €102,914 | -€139,675 | -57.6% |
| Tangible fixed assets | 22/27 | €1,228 | €96 | -€1,132 | -92.2% |
| Plant, machinery and equipment | 23 | €1,228 | €96 | -€1,132 | -92.2% |
| Current assets | 29/58 | €619,133 | €877,408 | +€258,274 | +41.7% |
| Amounts receivable within one year | 40/41 | €412,321 | €580,785 | +€168,464 | +40.9% |
| Trade receivables | 40 | €412,106 | €570,560 | +€158,454 | +38.4% |
| Other amounts receivable | 41 | €215 | €10,225 | +€10,010 | +4,654% |
| Cash at bank and in hand | 54/58 | €206,812 | €296,622 | +€89,810 | +43.4% |
| Total equity and liabilities | 10/49 | €862,949 | €980,418 | +€117,468 | +13.6% |
| Equity | 10/15 | €125,348 | €223,880 | +€98,532 | +78.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,888 | €203,420 | +€98,532 | +93.9% |
| Amounts payable | 17/49 | €737,601 | €756,538 | +€18,936 | +2.6% |
| Amounts payable after more than one year | 17 | €19,775 | €25,000 | +€5,225 | +26.4% |
| Financial debts | 170/4 | €19,775 | €25,000 | +€5,225 | +26.4% |
| Amounts payable within one year | 42/48 | €717,826 | €731,538 | +€13,711 | +1.9% |
| Trade debts | 44 | €631,785 | €604,470 | -€27,314 | -4.3% |
| Suppliers | 440/4 | €631,785 | €604,470 | -€27,314 | -4.3% |
| Advances received on contracts in progress | 46 | €2,060 | - | -€2,060 | |
| Taxes, remuneration and social security | 45 | €83,982 | €127,068 | +€43,086 | +51.3% |
| Taxes | 450/3 | €75,703 | €118,782 | +€43,078 | +56.9% |
| Remuneration and social security | 454/9 | €8,279 | €8,286 | +€7 | +0.1% |
| Remuneration, social security and pensions | 62 | €34,253 | €39,870 | +€5,617 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,863 | €140,806 | -€17,057 | -10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €82,816 | +€82,816 | |
| Other operating charges | 640/8 | €1,336 | €2,973 | +€1,638 | +123% |
| Gross operating margin | 9900 | €217,770 | €404,983 | +€187,213 | +86.0% |
| Operating profit (loss) | 9901 | €24,319 | €138,518 | +€114,199 | +470% |
| Financial income | 75/76B | €362 | €3,862 | +€3,500 | +967% |
| Recurring financial income | 75 | €362 | €3,862 | +€3,500 | +967% |
| Financial charges | 65/66B | €1,244 | €2,709 | +€1,465 | +118% |
| Recurring financial charges | 65 | €1,244 | €2,709 | +€1,465 | +118% |
| Profit (loss) for the period before taxes | 9903 | €23,437 | €139,671 | +€116,234 | +496% |
| Income taxes | 67/77 | €6,863 | €41,140 | +€34,276 | +499% |
| Profit (loss) for the period | 9904 | €16,574 | €98,532 | +€81,958 | +495% |
| Profit (loss) for the period to be appropriated | 9905 | €16,574 | €98,532 | +€81,958 | +495% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.